According to the insurance company's explanation, it is precisely because the company insured with fake money that it does not meet the requirements of the insurance contract, so the insurance company has the right to terminate and terminate the contract, that is to say, the creditor cannot seek compensation through the insurance company. At present, the Higher People's Court of Shaanxi Province has made a judgment on this case. According to the ruling, the appeal of China PICC Group was rejected and the first-instance ruling that PICC compensated changan trust for 82 1 10,000 yuan was upheld. At this point, this matter has come to an end. However, it is worth noting that this judgment does not involve fake gold cases, which also means that this judgment is only between PICC and the trust.

It must start in June this year. At that time, Wuhan Gold Jewelry Co., Ltd. pledged gold to financial institutions many times and insured it with insurance companies. However, Gold Jewelry Co., Ltd. broke the contract afterwards, only to find that the gold pledged before was fake gold. What is even more amazing is that the amount of fake gold reached 30 billion yuan, which shocked the whole gold circle for a time! After the incident, the trust company found PICC and demanded compensation, and then refused to insure it.

Unexpectedly, once one of the best gold jewelry manufacturers will also have fake gold, and finally pull down the altar to do illegal things. This kind of behavior makes many innocent people buy it, but it is really irritating like eating melons. It is understood that besides changan trust, it also involves many trust institutions such as Minsheng Trust, Anxin Trust and Sichuan Trust. At present, many trust institutions have chosen to assume relevant responsibilities in the form of redemption.

At the same time, through this incident, some practical problems have been exposed, such as whether the gold was inspected before it was put into storage, and there were some negligence in the relevant processes of the trust company, which led to the gold jewelry company. Hide the sky in the sea? If the trust company had been more cautious at that time, there might have been no trouble in the future, so it also warned us that we should be cautious whether we cooperate or entrust.